Ossiam Acquires 567,383 Shares of Amcor plc (NYSE:AMCR)

Ossiam boosted its holdings in shares of Amcor plc (NYSE:AMCRFree Report) by 17.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,864,784 shares of the company’s stock after purchasing an additional 567,383 shares during the period. Ossiam’s holdings in Amcor were worth $37,257,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMCR. Keybank National Association OH bought a new position in shares of Amcor in the third quarter valued at approximately $96,000. Janney Montgomery Scott LLC raised its position in Amcor by 3.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 997,570 shares of the company’s stock worth $9,138,000 after purchasing an additional 36,181 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Amcor by 79.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 64,712 shares of the company’s stock worth $593,000 after purchasing an additional 28,557 shares during the last quarter. HighTower Advisors LLC raised its position in Amcor by 10.9% in the 3rd quarter. HighTower Advisors LLC now owns 249,940 shares of the company’s stock worth $2,301,000 after purchasing an additional 24,598 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in Amcor in the 3rd quarter worth approximately $463,000. Institutional investors own 45.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Amcor from $9.90 to $10.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st.

Read Our Latest Stock Report on Amcor

Amcor Trading Down 1.5 %

AMCR traded down $0.15 during trading on Friday, reaching $10.01. 5,692,216 shares of the company’s stock were exchanged, compared to its average volume of 8,971,801. The company’s fifty day moving average price is $9.64 and its 200-day moving average price is $9.50. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.75 and a current ratio of 1.29. Amcor plc has a fifty-two week low of $8.45 and a fifty-two week high of $10.51. The firm has a market capitalization of $14.47 billion, a PE ratio of 22.24, a P/E/G ratio of 5.55 and a beta of 0.85.

Amcor (NYSE:AMCRGet Free Report) last released its earnings results on Tuesday, April 30th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Amcor had a net margin of 4.75% and a return on equity of 24.66%. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the previous year, the business earned $0.18 EPS. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. As a group, equities analysts forecast that Amcor plc will post 0.7 EPS for the current year.

Amcor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 22nd will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend is Tuesday, May 21st. Amcor’s dividend payout ratio (DPR) is 111.11%.

About Amcor

(Free Report)

Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries.

See Also

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Institutional Ownership by Quarter for Amcor (NYSE:AMCR)

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